Rockpool Acqui Regulatory News (ROC)

31 Jan 2005 07:01

Roc Oil Company Limited31 January 2005 31 January 2005 ROC OIL COMPANY LIMITED ("ROC") STOCK EXCHANGE RELEASE UK ONSHORE DRILLING UPDATE ERRINGTON-1: EXPLORATION WELL, PEDL 028, ONSHORE UK (ROC: 100% & Operator) The rig was released from the Errington-1 wildcat exploration well in PEDL 028on 29 January 2005 after running casing to a depth of 1,976 metres. Wireline log interpretation indicates gas saturated tight sands over a grossvertical interval of approximately 135 metres of which approximately 100 metresrepresents net sand. The well was suspended as a new tight gas discovery with the intention that itwill be evaluated further later this year as part of ROC's onshore UK tight gasstrategy. Commenting on Errington-1, ROC's chief Executive Officer, Dr John Doran statedthat: "It is far too early to comment on the potential commercial significance of theErrington gas discovery but with a thick interval of gas bearing sands about35km west of the industrial city of Newcastle you can be sure that we will beworking the data hard in the context of our tight gas sand strategy. In anyevent, it is always nice to find gas bearing sands in an area where they haven'tbeen found before." Bruce Clement For further information please contact:Chief Operating Officer Dr John Doran on Tel: +61-2-8356-2000 Fax: +61-2-9380-2635 E-mail: jdoran@rocoil.com.au Or visit ROC's website: www.rocoil.com.au Dr Kevin Hird General Manager Business Development Tel: +44 (0)207 586 7935 Fax: +44 (0)207 722 3919 Email: khird@rocoil.com.au Nick Lambert Bell Pottinger Corporate & Financial Tel: +44 (0)207 861 3232 This information is provided by RNS The company news service from the London Stock Exchange